© Reuters. FILE PHOTO: Elon Musk’s twitter account is seen on a smartphone in entrance of the Twitter emblem on this picture illustration taken, April 15, 2022. REUTERS/Dado Ruvic/Illustration/File Photograph
(Reuters) – Billionaire entrepreneur Elon Musk posted a tweet on Saturday saying “Love Me Tender”, days after he took goal at Twitter Inc (NYSE:) with a $43 billion money takeover provide.
After Musk’s TED discuss on Thursday, he hinted at the opportunity of a hostile bid wherein he would bypass Twitter’s board and put the provide on to its shareholders, tweeting: “It will be completely indefensible to not put this provide to a shareholder vote”.
Over the weekend Musk, already the San Francisco-based firm’s second-largest shareholder after amassing a 9.1% stake within the social media agency, tweeted Twitter board’s “financial pursuits are merely not aligned with shareholders”.
Twitter on Friday adopted a “poison tablet” to restrict Musk’s skill to lift his stake within the firm.
Thoma Bravo, a technology-focused personal fairness agency that had greater than $103 billion in belongings below administration as of the tip of December, knowledgeable Twitter that it was exploring the opportunity of placing collectively a bid, folks acquainted with the matter instructed Reuters on Friday.
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